Unwind in sophisticated spaces and enjoy resort-class amenities like a fitness & yoga studio, three rooftop decks, EV charging stations, a complimentary coffee station and 24/7 mini market. First & Banks' studio, 1, 2, and 3-bedroom floor plans were expertly designed to maximize space and create unique layouts, including premier two-story walkout units.
Each apartment home is filled with natural light, featuring open-concept contemporary kitchens and an in-home washer and dryer. Upgraded hand-picked finishes include wood-inspired flooring, tile backsplash, and quartz countertops that create an upgraded living experience.
Neighboring a 150-acre public park complete with tennis courts, a running track, and a newly remodeled pool and aquatics area, the community provides access to the ultimate outdoor recreation within walking distance to downtown Rochester and the Mayo Clinic.
*Rents and availability are subject to change. Contact the property office for exact pricing and available units.
*Price shown is Base Rent - additional non-optional fees not included.
Residents are required to pay: one time application fee ($50 per applicant), one time administration fee ($200 per unit), monthly technology package fee ($65 per unit), security deposit ($500 one-time refundable). Utilities included in base rent: none. Utilities not included in base rent: trash, in-unit electric, in-unit gas, water/sewer (varies based on usage), and $8 per unit monthly utility admin fee.
Apartment for rent
Special offer
$1,625/mo
Fees may apply
First & Banks, # 314, 705 1st Ave SW, Rochester, MN 55902
Studio
532sqft
Price may not include required fees and charges. Learn more|
Apartment
Available Thu Jul 23 2026
Cats, dogs OK
Covered parking
What's special
Premier two-story walkout unitsOpen-concept contemporary kitchensSophisticated spacesWood-inspired flooringTennis courtsRunning trackFilled with natural light
- 3 days |
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Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 1
- Full bathrooms: 1
Rooms
- Room types: Office
Appliances
- Included: Washer
Features
- View
Interior area
- Total interior livable area: 532 sqft
Property
Parking
- Parking features: Covered
- Details: Contact manager
Features
- Patio & porch: Deck
- Exterior features: 24/7 Mini Mart, Barbecue, Bicycle storage, Business Center, Club Level, Clubroom, Community Kitchen, Complimentary Coffee/Espresso Bar, Corner Unit, Courtyard, Crafting Room, Interactive Sports Simulator, Live/Work Walkout, Pet Spa, Pet Washing Station, Pool Table, TV Lounge, Tennis Court(s), Trash Chutes, View Type: River View, Walkout, Yoga Studio
- Pool features: Pool
- Has view: Yes
- View description: Park View
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
Building
Details
- Building name: First & Banks
Management
- Pets allowed: Yes
Community & HOA
Community
- Features: Fitness Center, Pool, Tennis Court(s)
HOA
- Amenities included: Fitness Center, Pool, Tennis Court(s)
Location
- Region: Rochester
Financial & listing details
- Lease term: Contact For Details
Price history
| Date | Event | Price |
|---|---|---|
| 6/15/2026 | Listed for rent | $1,625+5.2%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/24/2026 | Listing removed | $1,545$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/11/2026 | Price change | $1,545-1.3%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/4/2026 | Price change | $1,565-1.9%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 1/15/2026 | Price change | $1,595+4.6%$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 9/9/2025 | Listed for rent | $1,525$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 7/9/2025 | Listing removed | $1,525$3/sqft |
Source: Zillow Rentals Report a problem | ||
| 6/24/2025 | Listed for rent | $1,525$3/sqft |
Source: Zillow Rentals Report a problem | ||
Neighborhood: Historic Southwest
Nearby schools
GreatSchools rating
- 8/10Folwell Elementary SchoolGrades: PK-5Distance: 1.1 mi
- 5/10John Adams Middle SchoolGrades: 6-8Distance: 3 mi
- 9/10Mayo Senior High SchoolGrades: 9-12Distance: 1.2 mi
There are 86 available units in this apartment building
- Special offer! Receive a $2,500 rent credit when you move in by July 31, 2026. Contact us for details on this limited time offer.Expires July 31, 2026
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